HOTchain (Hot Chain) is a global cultural, sports and entertainment digital asset trading platform based on blockchain technology created by the HOTchain Foundation (Foundation). It is committed to realizing the digital assetization, securitization, transparency and fairness of the global cultural, sports and entertainment industry Through blockchain technology and applications, market elements (celebrities, IP, resources, etc.) are optimally allocated. It provides an integrated solution for the global distributed cultural, sports and entertainment industry.

Project Introduction

HOTchain (Hot Chain) is a global cultural, sports and entertainment digital asset trading platform based on blockchain technology created by the HOTchain Foundation (Foundation). It is committed to realizing the digital assetization, securitization, transparency and fairness of the global cultural, sports and entertainment industry Through blockchain technology and applications, market elements (celebrities, IP, resources, etc.) are optimally allocated. It provides an integrated solution for the global distributed cultural, sports and entertainment industry. It has the service functions of celebrity time transaction, IP copyright traceability, crowdfunding, and digital asset transaction. Based on the characteristics of clear blockchain traceability, clear property rights and interests, impossible information tampering, and free asset circulation, the platform realizes the value exchange of cultural and sports IP digital assets, and promotes the development and upgrading of China's cultural, sports and entertainment industry. Asset owners, developers, and traders can share the market dividends brought about by the value growth of high-quality IP assets through crowdfunding and trading.

HOTchain (hot chain) is positioned as a service provider that provides technology, resources, channels and other systems for the global cultural, sports and entertainment fields. Based on traditional IP copyright registration and cultural and sports celebrity IP asset transactions, it introduces the blockchain data storage function. Produce new blocks to form an IP asset chain. Asset owners, developers, and traders can participate in ICO to realize token subscription and circulation, and then build a service-oriented ecology that integrates global celebrity networks, cultural, sports and entertainment industry entities, intellectual property rights, digital assets, and communities. HOTchain (hot chain) issues its own tokens. After realizing the securitization of platform individuals and IP assets, fans or investors can purchase tokens to conduct IP asset transactions on the platform. Communicate with the community, and after the IP is commercialized, investors will share the benefits.

The core logic of the cultural, sports and entertainment digital asset trading platform is: through the collection of loyal fans of IP, funds are raised on the trading platform, which are completely used for the commercial operation and promotion of IP. This makes IP gain the source of rapid growth, and IP investors can finally transfer value-added IP tokens on the trading platform to obtain dividends from IP growth.

HOTchain (hot chain) will cooperate with the world's top sports and entertainment IP to select influential personal IP. Taking time as the latitude, it aims to confirm the rights of each IP cultural digital asset and realize the digitization and asset of IP. Securitization and securitization to create the world's largest cultural, sports and entertainment digital asset trading service platform.

Project Highlights

HOT ecosystem

HOT is a safe and reliable digital asset trading system, which is a system combining blockchain network, HOT platform and cultural, sports and entertainment business activities. It is China's first blockchain application project that provides universal means of payment for the cultural, sports and entertainment industry, and is committed to creating a basic value network for cultural, sports and entertainment business activities. At the same time, HOT takes the sports and entertainment industry as the core, involves payment, crowdfunding, asset trading, copyright, etc., and integrates celebrity time sharing trading platform, copyright timestamp registration platform, digital asset trading and crowdfunding platform into one, and will be based on HOTchain in the future (Hot link) Extend more platforms related to culture, sports and entertainment.

Structure

HOTchain (hot chain) architecture has six layers, which are data layer, network layer, consensus layer, incentive layer, contract layer and application layer.

Data Layer
The data structure of the blockchain linked list ensures that the data is safe, reliable, credible, and cannot be tampered with.

Network Layer
P2P Protocol (P2P Protocol) supports the data transmission and signaling exchange of each node in the blockchain network. It is an important communication guarantee for data distribution or consensus mechanism. HOTchain (hot chain) system design Support the configuration of multiple P2P protocols, communication mechanisms and serialization mechanisms, and use flexible protocols according to different scenarios. In terms of communication security, it can flexibly support secure communication protocols such as HTTPS, TLS, and WSS (SecureWebsockets). When it is necessary to establish an external service interface for platform applications, it can expand and support OAuth authentication integration.

Consensus layer
HOTchain (hot chain) chooses the consensus algorithm of the quantum public chain, which is a Byzantine fault-tolerant consensus algorithm based on the bookkeeper voting mechanism. It has the characteristics of high performance and high consistency, and is suitable for such exchanges A weak-center upper-layer application that frequently generates transaction data and has high real-time bookkeeping requirements.

Incentive Layer
Fire is consumed when registering IP assets on the HOTchain (hot chain) blockchain. Transactions are the basic things that change rights and interests on HOTchain. Any transaction on the HOTchain (hot chain) blockchain also needs to consume Fire.

Contract Layer
For each smart contract, it is used as an asset on the chain for full life cycle management, complete and controllable process management for the submission, deployment, use, and cancellation of smart contracts, and integrates the authority management mechanism Comprehensive security management of various mechanisms for smart contract operations. The derivative trading varieties of the IP asset exchange are all set through the HOTchain (hot chain) smart contract, including derivatives such as forwards, futures, swaps (swaps) and options.

Application Layer
In order to allow more IP asset holders or traditional exchanges to quickly graft their own applications on HOTchain (hot chain), HOTchain (hot chain) provides a series of underlying data based on multilingual Access and interaction interface, adding a comprehensive service package based on asset securitization and exchange logic, including targeted service interfaces such as registration certificate, transaction record, ownership certificate, data query engine, etc., while supporting multi-language integration and functions Extension, currently supports Java, JavaScrHOT, Python and other languages.

HOTchain Governance Structure

The establishment of the HOTchain (hot chain) foundation The positioning of HOTchain (hot chain) is international. The HOTchain (hot chain) foundation (abbreviated as "foundation") is a public relations guarantee company established in Singapore foundation). The foundation is committed to the development and construction of HOTchain (hot chain) and the advocacy and promotion of transparent governance to promote the safe and harmonious development of an open source ecological society.

HOTchain Foundation Governance Structure

The main goal of the foundation is to ensure the sustainable development of the HOTchain community project, as well as the security of fundraising and the effectiveness of management. The organizational structure of the HOTchain Foundation consists of the HOTchain Decision-Making Committee, the HOTchain Foundation Autonomous Committee, and the Executive Committee. The governance structure includes operational procedures and rules for daily work and special situations.